forint forint  /ˈfɔ rɪnt/

Definition(s):

  • (n) the basic unit of money in Hungary

Usage(s):

  1. Since last summer, the Polish zloty has lost 48% against Europe's common currency the euro, the Hungarian forint 30% and the Czech Krona 23%.
  2. Poland's zloty has dropped 29% against the euro in the past six months, the Hungarian forint by 20%, the Romanian Ieu 17% and the Czech koruna 12%.
  3. Hungary's forint, pegged officially at 12, hit alltime low of less than 1 on Zurich and New York free markets, as refugees rushed to sell at any price.

News

  1. Hungary Central Bank Ready to Act, Cinkotai Tells Napi

    Hungary is prepared to counter financial turbulence if markets deteriorate, central banker Janos Cinkotai said as the forint fell and bond yields soared on the U.S. Federal Reserve’s plan to taper its stimulus program.
    on June 20, 2013     Source: Bloomberg

  2. Forint Dives as Hungary Bond Yields Jump on Fed: Budapest Mover

    The forint plunged the most in three weeks and Hungary’s bond yields jumped as U.S. Federal Reserve said it may phase out stimulus, which has sustained demand for riskier assets.
    on June 20, 2013     Source: Bloomberg

  3. Forint Drops Most in Week as Hungary Yields Jump: Budapest Mover

    The forint fell the most in more than a week on speculation that Hungary’s planned tax increases will hurt economic growth and as investors awaited a signal from the U.S. Federal Reserve about when it will taper stimulus.
    on June 18, 2013     Source: Bloomberg

Quotes

  1. "The government is distinctly worried by the rapid fall in the value of the forint, and the fact that it is very difficult for businesses and individuals to get credit from banks," Gyurcsany said on Monday.
    on Feb 2, 2009 By: Ferenc Gyurcsany Source: Earthtimes (press release)

  2. "Nearly every forint is paid in debt service and the government but keeps taking out loans with worse and worse conditions," Orban said.
    on Mar 6, 2009 By: Viktor Orban Source: Budapest Times

  3. "It's likely to have a similar path as the forint," said JP Morgan analyst Miroslav Plojhar.
    on Mar 10, 2009 By: JP Morgan Source: Forex Pros

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